Fritz Announces Court Ruling On Temporary Injunction.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Feb. 28, 2001 On Friday, February 16, 2001, FedEx Corporation and Federal Express Corporation (collectively "FedEx") filed an Amended Complaint amended complaint n. what results when the party suing (plaintiff or petitioner) changes the complaint he/she has filed. It must be in writing, and can be done before the complaint is served on any defendant, by agreement between the parties (usually their lawyers), seeking, in addition to the relief sought in its original complaint filed February 5, 2001, (see February 9, 2001, Press Release, "Fritz Announces Intent to Defend Lawsuit"), a temporary injunction temporary injunction n. a court order prohibiting an action by a party to a lawsuit until there has been a trial or other court action. A temporary injunction differs from a "temporary restraining order" which is a short-term, stop-gap injunction issued pending a and permanent injunction permanent injunction n. a final order of a court that a person or entity refrain from certain activities permanently or take certain actions (usually to correct a nuisance) until completed. against Fritz Companies, Inc. ("Fritz,") (Nasdaq:FRTZ) from closing on the pending transaction with United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. ("UPS"). On Tuesday, February 20, 2001, after an evidentiary hearing, the Shelby County Tennessee Circuit Court denied FedEx's request for a temporary injunction enjoining en·join tr.v. en·joined, en·join·ing, en·joins 1. To direct or impose with authority and emphasis. 2. To prohibit or forbid. See Synonyms at forbid. the pending transaction with UPS. The Court has continued until March 7, 2001, the temporary restraining order temporary restraining order: see injunction. entered February 5, 2001, prohibiting disclosure of confidential FedEx information or otherwise breaching certain provisions of the mutual non-disclosure agreement or customs brokerage service agreement. The Court has also directed Fritz to submit a plan to provide protections against improper disclosures. On February 19, 2001, UPS filed a separate complaint and request for declaratory relief in the Superior Court of Fulton County, Georgia Fulton County is a county located in the U.S. state of Georgia. Its county seat is Atlanta6, the principal city of the Atlanta metropolitan area. As of the 2000 census, the population was 816,006. The 2006 Census Estimate placed the population at 960,009 [1]. naming Fritz and FedEx as parties, seeking a declaration that the merger agreement between UPS and Fritz does not require disclosure of FedEx trade secrets or a violation of other contractual rights and obligations among the parties. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995: In this press release, Fritz Companies makes forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. described above. Also, when we use any of the words "believes", "expects", "anticipates" or similar expressions, we are making forward-looking statements. Many possible events or factors could affect the litigation described above. ADDITIONAL INFORMATION AND WHERE TO FIND IT In connection with the pending transaction, Fritz Companies and UPS will file a proxy statement/prospectus with the SEC. STOCKHOLDERS OF FRITZ COMPANIES ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain a free copy of the proxy statement/prospectus (when available) and other documents filed by Fritz Companies or UPS with the SEC at the SEC's web site at http://www.sec.gov. Free copies of the proxy statement/prospectus, once available, and other filings by Fritz Companies with the SEC may also be obtained by directing a request to Graeme Stewart, Fritz Investor Relations, Telephone: (415) 538-0444. Fritz Companies and its directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed merger. Information about such directors and executive officers, including information about their ownership of Fritz Companies stock, can be found in the Fritz Companies proxy statement, dated August 18, 2000, for its 2000 annual meeting of stockholders. |
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